Firm Says Mom Sinks Bid To Helm Bed Bath & Beyond Suit

Law360 (July 27, 2020, 7:41 PM EDT) -- Levi & Korsinsky LLP on Monday slammed a competing lead plaintiff bid by a Bed Bath & Beyond Inc. investor in securities litigation over the retailer's post-holiday shopping season sales slump, arguing that he has no stake in the litigation because he has to turn over any winnings to his mother.

Kavin Bakhda's only connection to the litigation, which accuses the retailer of concealing inventory issues, is the fact that he was assigned shares by his mother as part of an arrangement that would require him to remit any proceeds from the assignment to her, Levi & Korsinsky said in a...

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